The following is a partial year-end adjusted trial balance.

Account TitleDebitsCreditsSales revenue$500,000Loss on sale of investments$62,000Interest revenue8,500Cost of goods sold260,000General and administrative expense60,000Restructuring costs60,000Selling expense35,000Income tax expense?

Income tax expense has not yet been recorded. The income tax rate is 25%.

a.Determine the operating income (loss).

b.Determine the income (loss) before income taxes.

c.Determine the net income (loss).